French Economy Minister Eric Lombard stated that ironing out the 2026 budget for France, the euro zone’s second-largest economy, will be challenging, following the recent adoption of the 2025 financial plan. France aims to reduce its public deficit to 5.4% of GDP in 2025 and below 3% in 2029, in line with EU spending rules. The country’s economic performance has been impacted by political instability, with a 0.1% contraction in the fourth quarter and a projected 0.1-0.2% rise in GDP in the first quarter of 2026, according to the Bank of France.
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